Would you like a basic understanding of what a facilities and administrative (F&A) cost rate is and why it is important? This session will reveal the mystery of F&A and provide an overview of the process, the terminology, and how everyday spending decisions become the basis of the costing that is reflected in the F&A Rate. In addition, we will explore what happens after the rate is calculated, the importance of F&A, and some of the frequent campus concerns about F&A costs.
Content level: Basic
Learning objectives:
- Acquire a basic understanding of the F&A allocation process.
- Review what happens after the rate is calculated.
Track: Financial Leadership
Financial Management Certificate: Facilities and Administrative Costs
Speaker(s): Cathy Snyder, Higher Ed Consulting Manager, Huron Consulting Group; Martin Smith, Higher Ed Consulting Manager, Huron Consulting Group